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BMW business car leasing deals
Dick Lovett BMW leads the way when it comes to company cars with an extensive and highly specified model range, competitive business leases and comprehensive servicing plans.
Combined with low running costs, even lower benefit-in-kind tax and strong residual values, BMW is a great choice for businesses of all sizes.
Our dedicated business team provides a tailored service and ongoing support, whether you need a single car or a small fleet. Dick Lovett BMW in Bristol, Bath, Swindon and Hungerford has the expertise and experience to help so get in touch today or call 0330 838 7435 to find out more.
The Benefits Of Business Leasing
If you run your own business or take a company car allowance, you could get a great contract hire deal from Dick Lovett BMW. Business leasing is a cost-effective way for sole traders, partnerships and limited companies to fund a single car or a small fleet.
There’s no need pay a broker to do the leg work for you. At Dick Lovett BMW, we know how important it is to get a great price but we don't stop there. Our specialist business team is dedicated to finding you the best lease deal and will provide you with expert guidance and superb service from day one until the day you hand your car back. Get in touch with Dick Lovett BMW today.
- Great deals from the top 5 UK lenders
- No hidden admin fees
- Expert advice. Premium service
BMW Business Leasing
Personal Contract Hire - the perfect choice
Personal Contract Hire is simply car leasing for individuals. Like business leasing, it is a form of finance. You pay an initial payment and then rent the car from the finance company for the duration of the lease.
You choose the contract term - usually 24, 36 or 48 months - make the initial rental payment which is usually three times the monthly rental cost, decide how much annual mileage you expect to do and whether you want to include servicing and maintenance in the monthly cost.
How much you pay each month can be tailored around how long you want to lease the vehicle for, your estimated annual mileage and the size of the deposit you put down. Generally speaking, a longer rental period, low annual mileage and a bigger initial rental, can all help reduce the monthly cost.
Personal Contract Hire can be a good option if you take a company car allowance as it’s easy to find a car within your budget, costs are fixed and it could allow you to drive a vehicle that might be beyond your budget to buy.
Speak to one of our business advisors
At Dick Lovett BMW, we have dedicated business advisors at each of our BMW dealerships. Contact the team today to find out how we can help.
Frequently asked questions
Your questions about BMW business leasing, answered
What is Business Contract Hire and is it different to Business Car Leasing?
Both Business Contract Hire and Business Car Leasing are the same thing and instead of buying a car you simply rent it from a finance company for an agreed period of time. At Dick Lovett we have a team of business leasing and contract hire specialists who can help you choose how long you want the contract for and decide your annual mileage allowance. These criteria then help to determine the amount you will pay each month.
The most obvious difference between buying and leasing is that when you buy a car you own it and when you lease a car, you don’t. You are renting the car from the finance company, so at the end of the contract all you have to do is hand the car back in good condition – just like you would a hire car.
As with any contractual arrangement, you must fulfil your obligations under the lease agreement. If you don’t there’s likely to be more to pay so you should be mindful of what you have committed to and how the car is used. Exceeding the agreed mileage, returning the car early or in poor condition could incur extra charges.
What are the pros and cons of Business Car Leasing and Personal Contract Hire?
There are lots of reasons why leasing or hiring a car through Dick Lovett is a great idea but, of course, you still have responsibilities and you won’t own the vehicle at the end of the contract hire period. Here we’ve set out the key points of the leasing deals:
- Drive a brand new car every few years
- Low initial outlay - typically equivalent to 3 months rental payment
- Fixed, manageable monthly payments – helps with manage cash flow and enables you to drive a better car for your budget
- Choice of contract term - from 24 to 48 months
- Option to include servicing and maintenance
- If you run a business, there are tax benefits – car lease costs can be up to 100% allowable against corporation tax depending on its Co2 emissions, and you can reclaim 50% of the VAT on the monthly rental cost
- No depreciation to worry about - at the end of the contract, the vehicle is simply handed back so no worries about resale value or having to dispose of it
- Hassle free – everything is taken care of by the dealer and finance company
- Road tax, manufacturer’s warranty and breakdown cover is included
- Only have to pay for fuel and insurance
- You don’t own the car and there is no option to buy it at the end of the contract
- You will need the amount of mileage you need and if you go over this, you will have to pay an excess mileage charge
- If you decide to end the contract early, you may incur charges
- You must return in a well-maintained condition. If not, there will be extra charges to pay
- You must pay for fully comprehensive insurance cover
Surely, I’ll get a better personal or business car leasing finance deal if I go through a broker?
Dealerships like Dick Lovett can often offer leasing and car hire deals that brokers can’t access, such as retail discounts, and sometimes reduce prices on older stock when newer models launch. With Dick Lovett you also have the option of part-exchanging your old car to cover some of the initial cost of a contract hire agreement. Most brokers don't offer part exchange, so you'll need to find the money from elsewhere – and arrange to sell or dispose of your old car.
Going direct to a dealer cuts out any extra and potentially unnecessary expense. The broker is simply a middleman between you or or business, a dealership and a lender. By going directly to Dick Lovett you only deal with us and a finance company. This means you won’t have to pay admin fees and other charges for the broker’s services, which can be upwards of £300.
Plus at Dick Lovett you know you’re dealing with a long-standing family business which is trusted by other local businesses and the community. You can be assured our team will always go the extra mile if you choose a Personal Contract Hire or Business Car Leasing deal with us.
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